Ripple’s Massive 200 Million XRP Transfer Sparks Market Speculation

In a significant move, Ripple has transferred 200 million XRP tokens between company-controlled wallets, raising questions about the future of XRP and its market implications. This article delves into the details of the transaction and its potential impact on the cryptocurrency landscape.

Whale Alert: Ripple Sends 200 Million XRP

San Francisco-based Ripple has transferred 200 million XRP tokens, worth approximately $400 million, between company-controlled wallets. The massive movement was first spotted by cryptocurrency tracking service Whale Alert. Initially, it appeared the funds were moving to an unknown destination but blockchain analytics platform Bithomp later clarified that both sending and receiving wallets belong to Ripple.

Ripple to Pay $50M Fine in XRP? Garlinghouse Drops Hint

Ripple recently walked out of a legal tussle with the US Securities and Exchange Commission (SEC). In a fresh appearance, Ripple CEO Brad Garlinghouse suggested that it might pay its $50 million fine in XRP. Garlinghouse hinted that the tide is turning in Washington, with a fresh SEC chair appointed and the US’s stance on crypto improving. However, the recent tariff war has vanished all the gains registered by XRP since it ended its legal battle with the commission. In an interview with Fox Business, Garlinghouse stated that the US government is going to end up with $50 million and mentioned talking about making that payment in XRP.

Ripple Considers Paying $50 Million Penalty in XRP Amid SEC Case Resolution Talks

Ripple is in settlement talks with the SEC, and a surprising detail has emerged. Ripple could pay a reduced $50 million penalty using its native token, XRP. This was revealed by Ripple CEO Brad Garlinghouse in an interview on FOX Business on April 11. The ongoing negotiations follow Ripple’s and the SEC’s decision to drop their appeals, bringing the multi-year legal battle closer to closure. Garlinghouse stated, “The SEC is going to end up with $50 million and the US government gets $50 million and we talked about making that available in XRP.”

XRP Price Prediction: Could It Hit $45?

XRP has recovered to reclaim the $2 price level after a midweek correction. Analyst EGRAG CRYPTO believes that XRP could experience a significant surge similar to its previous bull cycles in 2017 and 2021. The analysis focuses on recurring structures seen in XRP’s past cycles, using the 21-period Exponential Moving Average (EMA) and 33-period Moving Average (MA) on the biweekly timeframe.